Best Payday Loan Alternatives for Bad Credit of July 2024

ElitePersonalFinance
Last Update: October 12, 2023 Loan Reviews Loans

The gap between payday loans and personal loans is huge. Alternative payday loans can be categorized as everything that is between personal loans and payday loans. They offer up to $5,000, and the APR is typically between 35.99% to 400%. Alternative payday loans approve people with really bad credit. Most of them even don’t check people’s credit histories. However, they check your income, debt-to-income ratio, workplace, etc. Be careful because these loans are still expensive, and there is a risk of the debt cycle. However, they can save people with really bad credit and no other options than payday loans.

In this guide, we will explain everything about them. However, before reading the article, we highly recommend that you watch our video on personal loans. There we explain how people with bad credit can get approved on a personal loan.

Best Payday Loan Alternatives for Bad Credit of July 2024

Loan Company:Min. Credit Score:APR:Amount:
ZippyLoan0Vary$100 – $15,000
LifeLoans0Vary$100 – $40,000
VivaLoan0Vary$100 – $15,000
PickALender0Vary$100 – $40,000
FundsJoy0Vary$100 – $5,000
WhiteRockLoans0Vary$100 – $5,000
OppLoans059% – 160%$500 – $4,000
RiseCredit060% – 299%$500 – $5,000
NetCredit034% – 155%$1,000 – $10,000
PossibleFinance0150% – 200%$50 – $500
FigLoans0176% – 229%$50 – $800